Compare Two-Wheeler Insurance
A Comparison of Top 5 Two-Wheeler Insurance Policies and Their Offerings
Two-wheeler industry in India is growing exponentially year on year, courtesy of the unwavering demand for affordable everyday commuter vehicles. Another industry that has improved as an indirect byproduct is the motor insurance industry which currently has some never-seen-before policies on offer for prospective motorcycle owners. Out of the 20-odd non-life insurers in the country, about three-quarters of them offer an indigenous two-wheeler policy with their own set of features and benefits. In this page, we will list out five of the most popular two wheeler insurance policies and compare them against each other.
But, before that let's first introduce five of the most popular two-wheeler insurance policies. The policies mentioned below have been chosen depending on their popularity on the internet and their estimated sales since their introduction. These five policies include:
- Bajaj Allianz Two-Wheeler Insurance Policy
- Reliance General Two-Wheeler Insurance
- HDFC ERGO Two-Wheeler Insurance
- ICICI Lombard Two-Wheeler Insurance
- New India Assurance Two-Wheeler Insurance
Now that you know about the policies we have chosen, let's get ahead to their offering. For the purpose of this page, we have considered all the key aspects that form the crux of a two-wheeler policy. These aspects are:
- Policy approval time taken by each company
- Third-party liability cover offered
- Cashless facility available, if any
- Network garages, if any
- Assistance provided, both offline and online
- No claim bonus offered
- Coverage depending on age of the vehicle
- Add-on covers, if any
- Policy renewal process for an expired policy
Insurance Provider | Bajaj Allianz Two-Wheeler Insurance | Reliance General Two-Wheeler Insurance | HDFC ERGO Two-Wheeler Insurance | New India Assurance Two-Wheeler Insurance | ICICI Lombard Two-Wheeler Insurance |
Third-party liability cover | Yes. Up to Rs.1 lakh | Yes. Up to Rs.1 lakh | Yes. Up to Rs.1 lakh | Yes. Up to Rs.1 lakh | Yes. Up to Rs.1 lakh |
Policy approval time | Instant as long as documents are verified | Instant as long as documents are verified | Instant as long as documents are verified | Instant as long as documents are verified | Instant as long as documents are verified |
Cashless facility | NA | Yes | NA | NA | NA |
Network garages | NA | 159 | NA | NA | 2150+ |
No claim bonus | Maximum of 50% | Maximum of 50% | Maximum of 50% | Maximum of 50% | Maximum of 50% |
Assistance | 24/7 telephone assistance for claim settlement | NA | 24/7 toll-free helpline available | NA | Available |
Maximum age of the vehicle | 15 years | 10 years | 15 years | 10 years | NA |
Expired policy renewal process | Available and requires no extra documentation | Available and requires no extra documentation | Available and requires no extra documentation | Available and requires no extra documentation | Available and requires no extra documentation |
Add-on covers | No add-ons available | Yes | Yes | Yes | Yes |
These are all the facts you need to know about top motor insurance policies and their offering. With the information in front of us, we can conclude that almost insurance provider have their own strong points and weak points. However, the one policy that seems to stand slightly above the rest is the ICICI Lombard Two-Wheeler Insurance Policy, which seems to have a cast a much wider net when it comes to the network garages on offer. If you are exploring your option for a two-wheeler insurance policy, make sure to keep these facts in mind.
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